30 Lakh SBI Home Loan

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SBI is one of the leading banking institutions in India. It offers a wide range of services to its customers, from personal loans and home loans to Internet banking. Talking about the 30 lakh SBI home loan, it is enabling individuals to lay the foundation of their respective futures, helping them buy their respective dream homes. So, whether you're a first-time buyer or looking to invest in property, understanding the nuances of SBI's home loan process is crucial to making an informed decision.

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Table of Content

1. 30 Lakh Home Loan SBI Highlights

2. 30 Lakh Home Loan EMI for 10 Years From SBI

3. 30 Lakh Home Loan EMI for 15 Years From SBI

4. 30 Lakh Home Loan EMI for 20 Years From SBI

5. 30 Lakh SBI Home Loan Fees & Charges

6. 30 Lakh SBI Home Loan Documents Required

7. 30 Lakh SBI Home Loan Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

30 Lakh Home Loan SBI – Highlights

Here are the basic highlights of getting a SBI 30 lakh home loan.

Maximum Loan Amount	₹ 30,00,000
Maximum Loan Tenure	30 years
Interest Rate	8.40%-10.15%

30 Lakh Home Loan EMI for 10 Years From SBI

The SBI 30 lakh home loan EMI starts at an interest rate of 8.40% p.a. Here’s a basic breakdown of 30 lakh home loan EMI if borrowed for 10 years.

Loan Amount	30 Lakh
Rate of Interest (p.a.)	8.40%-10.15%
Loan Tenure	10 Years
EMI	Rs. 36,955

30 Lakh Home Loan EMI for 15 Years From SBI

Here is the basic snapshot of a 30 lakh home loan if you borrow it for 15 years.

Loan Amount	30 Lakh
Rate of Interest (p.a.)	8.40% – 10.15%
Loan Tenure	15 Years
EMI	Rs. 29,279

30 Lakh Home Loan EMI for 20 Years From SBI

Taking a 30 lakh home loan for 20 years will reduce the total EMI. Here’s a basic breakdown of the loan amount, interest rate, and more for the SBI 30 lakh home loan EMI.

Loan Amount	30 Lakh
Rate of Interest (p.a.)	8.40%-10.15%
Loan Tenure	20 Years
EMI	Rs.25,751

30 Lakh SBI Home Loan – Fees & Charges

Here is a glimpse of the applicable fees for SBI Home Loan.

Home Loan Regular: 0.35% of the loan amount plus GST, minimum INR 2,000/- and maximum INR 10,000/-
Home Top-Up Loan: A total of 0.35% of the loan amount plus applicable GST, (minimum amount 2000/-) (maximum amount 10,000/-) plus GST.
SMART Home Top-up Loan: 2000+GST
Insta Home Top-Up Loan: 2000+GST
YONO Insta Home Top-Up Loan (Digital Product): 2000 + GST

30 Lakh SBI Home Loan – Documents Required

The list of papers/ documents applicable to all applicants for a 30 lakh SBI home loan is as follows:

Loan Application
Proof of Identity and proof of residence
Property Papers
Permission for construction (where applicable)
Approved Plan copy (Xerox Blueprint)
Last 6 months’ Bank Account Statements for all Bank Accounts held by the applicant/s
If there were any previous loan from other Banks/Lenders, then the Loan A/C statement for the last year
Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
Business address proof
IT returns for the last 3 years
Balance Sheet and Profit & Loss A/c for last 3 years
Business Licence Details (or equivalent)
TDS Certificate (Form 16A, if applicable)
Certificate of qualification (for C.A./ Doctor and other professionals)

30 Lakh SBI Home Loan – Eligibility Criteria

Here is a basic snapshot of the eligibility criteria for a 30 lakh SBI home loan.

The applicant must be a resident of India.
He should be a minimum of 18 years of age and a maximum of 70 years of age
The applicant must be salaried or a self-employed individual

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Frequently Asked Question (FAQs)

What is the EMI for a 30 lakh home loan for 20 years in SBI?

At an interest rate of 8.40%-10.15%, the EMI for a 30 lakh home loan will be around Rs. 25,751.

Who is eligible for a 30 lakh home loan in SBI?

A person who is an Indian resident is 18 years of age and a maximum of 70 years of age. He or she must be salaried or self-employed to be eligible for a 30 lakh home loan with SBI.

What is the monthly interest rate of a 30 lakh home loan in SBI?

Depending on the tenure, the interest rate could vary. For 10 years and at 8.40%, the monthly interest rate for a 30 lakh home loan in SBI would be about INR 36,995.